ETHE

The Ethereum Community Fund (ECF) was established to promote the rise in the price of ETH

ChainCatcher news, according to The Block, Ethereum core developer Zak Cole announced the establishment of a new organization on the X platform ------ Ethereum Community Foundation (ECF), aimed at supporting institutional-level adoption of Ethereum infrastructure and promoting the growth of ETH value.Cole stated that ECF has raised millions of dollars worth of ETH, all from donations by individual supporters, which will be used to fund the construction of "trustworthy and neutral" technology projects. He emphasized, "Every grant is open and transparent, every project commits to aligning with ETH, and all fund allocations will be decided through community voting."ECF wrote on its official website that all supported projects must meet two conditions: immutable and tokenless, and must promote the destruction of ETH to align institutional usage with the value of ETH holders, thereby maintaining the monetary integrity of the Ethereum network.The foundation will focus on supporting real-world asset (RWA) on-chain applications (such as stocks, bonds, real estate, etc.), as well as "public goods" projects that contribute to ecological development, such as optimizing data availability costs for blob space.ECF's first funded project is the "Ethereum Validator Association (EVA)," which aims to empower validators with a voice in protocol governance and fund the construction of validator infrastructure. More details will be announced in the coming weeks.
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